Form 4: FirstEnergy Director Melvin D. Williams Reports Acquisition of Phantom Stock Units

Director Melvin D. Williams reports acquisition of phantom stock units and dividend reinvestments in FirstEnergy Corp.

Summary

• On April 1, 2024, Melvin D. Williams, a director of FirstEnergy Corp., reported transactions involving FirstEnergy Corp. common stock and phantom stock units.
• Williams acquired 1,043 phantom stock units under the FirstEnergy Corp. 2020 Incentive Compensation Plan and Deferred Compensation Plan for Outside Directors.
• These phantom stock units are payable in cash or shares of FirstEnergy Corp. common stock upon conclusion of service as a director.
• Williams also acquired common stock through dividend reinvestments.
• Following the reported transactions, Williams beneficially owns 2,532.381 shares of common stock directly and 9,469.062 phantom stock units directly.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions by a company director.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.
• Dividend reinvestments further indicate a long-term commitment to FirstEnergy Corp.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the transactions of a director in FirstEnergy Corp.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.
• It offers insights into the director's investment in the company.

Key Dates